PEPE Eyes Major Rebound with Massive Whale Accumulation

PEPE, a widely popular meme coin, is poised for a potential rebound following a significant whale accumulation of 231 billion tokens. Amid a recent price drop, a large investor spent $2.9 million to acquire these tokens, making them one of the largest PEPE holders. Since March 16, this unknown buyer has amassed 750.34 billion tokens worth $8.34 million at an average price of $0.00001111.
Despite reaching an all-time high of $0.00001718 and subsequently dropping 26.38% to $0.00001265, the whale’s continued investment signals strong market confidence in PEPE. This trend contrasts with the expected sell-off behavior after a price peak. Analysts are optimistic about meme coins, including PEPE, which has dipped 9.64% in value over the past week, creating a potential for a long-term hold strategy. Currently, PEPE trades at $0.00001265, up 4.47% in the last 24 hours, ranking 23rd by market cap but 8th in 24-hour trading volume among top cryptocurrencies.